WABCO Holdings Inc. (WBC) Holdings Cut by BlackRock Inc.

BlackRock Inc. lowered its stake in shares of WABCO Holdings Inc. (NYSE:WBC) by 3.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,653,615 shares of the auto parts company’s stock after selling 98,042 shares during the quarter. BlackRock Inc. owned about 5.02% of WABCO worth $310,525,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in WABCO by 2.1% in the 1st quarter. Wells Fargo & Company MN now owns 798,803 shares of the auto parts company’s stock worth $106,935,000 after buying an additional 16,355 shares during the period. Eaton Vance Management boosted its holdings in WABCO by 40.6% in the 1st quarter. Eaton Vance Management now owns 4,330 shares of the auto parts company’s stock worth $580,000 after buying an additional 1,250 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in WABCO by 3.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 187,688 shares of the auto parts company’s stock worth $25,126,000 after buying an additional 5,914 shares during the period. Aperio Group LLC boosted its holdings in WABCO by 2.8% in the 1st quarter. Aperio Group LLC now owns 28,429 shares of the auto parts company’s stock worth $3,806,000 after buying an additional 781 shares during the period. Finally, First Mercantile Trust Co. boosted its holdings in WABCO by 94.7% in the 1st quarter. First Mercantile Trust Co. now owns 1,328 shares of the auto parts company’s stock worth $178,000 after buying an additional 646 shares during the period.

Shares of NYSE:WBC opened at $115.57 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.48 and a debt-to-equity ratio of 0.67. WABCO Holdings Inc. has a 12 month low of $110.50 and a 12 month high of $162.20. The stock has a market capitalization of $6.19 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.03 and a beta of 1.83.

WABCO (NYSE:WBC) last announced its quarterly earnings results on Thursday, July 19th. The auto parts company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.10. WABCO had a net margin of 11.77% and a return on equity of 34.37%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $989.16 million. During the same quarter last year, the firm earned $1.69 EPS. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. sell-side analysts forecast that WABCO Holdings Inc. will post 7.53 earnings per share for the current year.

Several research analysts have commented on WBC shares. BMO Capital Markets reissued a “hold” rating and set a $135.00 price objective on shares of WABCO in a report on Thursday, July 19th. Zacks Investment Research raised shares of WABCO from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Friday, May 25th. Morgan Stanley dropped their price objective on shares of WABCO from $159.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, July 20th. Stifel Nicolaus set a $159.00 price objective on shares of WABCO and gave the company a “buy” rating in a report on Friday, July 20th. Finally, ValuEngine downgraded shares of WABCO from a “hold” rating to a “sell” rating in a report on Friday, June 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $151.93.

WABCO Company Profile

WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.

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Institutional Ownership by Quarter for WABCO (NYSE:WBC)

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